Day Tradexchange Inc. (SYNJ)

[Dragonwing]

Thx isell for that

Everyone has known about the problem for a long time, finally something is being done about it.

Besides extending their own FTD's with reversals and resets, they helped others.

"Specifically, HCM sold short shares of Reg SHO threshold securities so that other market makers could “purchase” the securities to close out their own fail-to-deliver positions, and simultaneously bought deep in-the-money call options, the combination of which allowed the other market makers to circumvent their own Reg SHO close out obligations. HCM did not borrow, arrange to borrow, or locate the shares of these threshold securities prior to entering into the short sale component of these reset transactions."